Hi, I am of Belgian nationality currently residing in Dubai in UAE, but I have to come back to Europe for personal reasons. I am interested in Southern Italy, Malta and Cyprus. Cyprus on paper seems to me the most interesting for my case. It is also indicated that you only have to stay at least 60 days and less than 180 days in another country to benefit from this status. Do you know if I stay for example 61 days in Cyprus and that I travel 5 months in Belgium I will be considered as tax resident in Belgium and in Cyprus or only in Cyprus?
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Cryprus non dom status
- Thread starter joachimssj
- Start date
Take a look at the official Cyprus application form for this status. You can see the requirements there. Spending 60 days in Cyprus and <183 days elsewhere is only one of the criteria.
The biggest question is whether Belgium will consider you tax-resident on the basis of spending the most time there, or having the most ties (as sounds likely to me given your nationality and the ratio of time spent). If Belgium say to Cyprus that you should be taxable in Belgium, will Cyprus really bother to do much to defend you?
The biggest question is whether Belgium will consider you tax-resident on the basis of spending the most time there, or having the most ties (as sounds likely to me given your nationality and the ratio of time spent). If Belgium say to Cyprus that you should be taxable in Belgium, will Cyprus really bother to do much to defend you?
From a Cyprus perspective you are a Cyprus tax resident, noting that you must fulfil the following criteria:
- i. stay in Cyprus for at least 60 days;
ii. do not stay in another State for over 183 days;
iii. are not tax residents in another State;
iv. exercise any activity in Cyprus and/or are employed in Cyprus and/or hold office in a company established in Cyprus;
v. have a permanent residence in Cyprus which they own or render
As for the Belgium part, it is advisable to also get advice from a Belgium advisor on this part.
I can rent for 1 year but not stay all the year. Someone told me that I could not stay more than 180 days in Cyprus because if it was the case I would no longer be a non-dom resident but a normal resident and therefore would no longer have these tax advantages. Is it true? He also told me that I had to pay myself a salary from the Cypriot company in order to contribute? That is true? If so, is there a minimum?
Where did you hear this? Not even close to reality..,... you are considered a non-dom for 17 years. You don't have to pay a salary, whether or not paying a salary would be advisable/beneficial is ocnsidered on a case by case basis.
Someone who has been a non-dom resident in Cyprus but is no longer resident. And is it not true either that we cannot stay on Cyprus for more than 180 days?
Seems like you are mixing many things. If you're not an EU citizen, you'll have to apply for some kind of visa in order to stay for more than 90 days out of every 180, which is presumably where this max of 180 has been plucked from.
It has nothing to do with non-dom which CyprusLaw explained. Fairly simple concept, and it lasts for 17 years.
Exactly as Heliotrope has mentioned. If you require a permit to stay in Cyprus this will be obtained as required, but it has nothing to do with the non dom status
So if I sum up, I become non dom tax resident in Cyprus if I stay more than 60 days in Cyprus, I can travel in Belgium as long as I do not exceed 180 days, I can stay in Cyprus all year round, I must have a company on site or be an employee, I do not have to pay myself a salary, I am taxed at 0% on my trading income (the same person told me that for the stock market, I am taxed), I am taxed at 12.5% on my Cypriot company, I am not taxed on my dividend from Cypriot or foreign companies. Correct?
This works as far as Cyprus is concerned.
The problem is when Belgium come knocking and say to Cyprus, 'This guy has all his ties/home/girlfriend in Belgium. He spends 150 days there. But he's trying to persuade us he should pay tax to you on the strength of 60 days in Cyprus.' This is why you need to talk to a Belgian tax specialist.
Just to clarify - you are a non dom at all points. The 60-days make you a Cyprus tax resident. Don’t confuse the two.
So there I do not understand any more, how should I do to be taxed at 0% on dividends and trading gains?
With the 60 day rule you are a Cyprus tax resident.
The non dom status exists even if you are leaving outside of Cyprus, so at all points you would be tax and sdc exempt from dividend for Cyprus, whether or not a Cyprus tax resident. The only difference is that if you are not also a Cyprus tax resident then you would probably be liable under income tax in the jurisdiction in which you are a tax resident.
and being a Cypriot tax resident, I still have 0% tax on dividends and income from trading?
Correct for the dividends, as you maintain your non dom status for 17 years.
The trading depends on the type of trading
Crypto trading is not included in the exceptions and we do not expect it to be included so it falls under income tax or corporate tax
Hello Where do you have this info on Cyprus taxing profits from crypto trading? I would expect that it will treated as a security and therefore not taxable. Please point me towards the rifht direction id you have something concrete.
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